Pablo Escobar’s Brother Is Creating A New Cryptocurrency

Pablo Escobar’s Brother Is Creating A New Cryptocurrency

Pablo Escobar became known as “The King of Cocaine” during the 1980s. The Netflix show Narcos put the Escobar family back into the worldwide spotlight. Pablo’s brother now hopes to become successful in a different industry: cryptocurrency. Roberto De Jesus Escobar Gaviria recently announced plans to start his own cryptocurrency project called dietbitcoin (DDX), a hard fork of Bitcoin.

Roberto’s Background

Roberto has made over 100 billion USD throughout the course of his career. He started out as Pablo’s accountant during the early days of the Medellin Cartel and managed revenues in excess of over 200 billion USD before serving time in prison. Since his release from prison in 2003, Roberto (a.k.a. Little Bear) has been working on the day-to-day operations of his family’s (now legal/legitimate) business.

Roberto Escobar

Why Create a New Cryptocurrency?

Roberto believes that BTC was not invented by Satoshi Nakamoto. His conspiracy theory is that Bitcoin was actually made by the CIA and that the value will fall to zero or almost-zero when the world finds out. In his opinion, the value of all other cryptocurrencies will also fall. However, DDX will soar “because my coin, this is going to be my new work in life.”

More details about why he started this project are detailed in his new book, which can be purchased on Amazon for $8.00.

dietbitcoin (DDX) ICO Details

While not many details about the project are known yet, the current ICO plans listed on the project website (as of March 21, 2018) are as follows.

A total supply of 1,000,000 DDX will be split into three separate token sales.

1. 300,000 DDX can be purchased for $50/coin (currently discounted by 96% at $2/coin)

2. 300,000 DDX can be purchased for $100/coin

3. 400,000 DDX can be purchased for $1,000/coin

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Delton Rhodes

I enjoy researching new, innovative, and interesting blockchain/crypto projects that have the potential to impact the world. Whenever I'm not writing, I'm usually playing sports or producing music.